Advanced Introduction to U.S. Corporate Tax Law

Author: Jeffrey L. Kwall
Publisher: Edward Elgar Publishing
ISBN: 9781035324255
Published In: April 2025
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.

This insightful book provides a nuanced guide to the intricacies of US corporate tax law. Jeffrey L. Kwall sheds light on the double taxation process, highlighting critical issues surrounding the system that requires both corporations and shareholders to pay tax on the same income.

Chapters explain key topics including the taxation of contributions of property to a corporation, distributions (dividends and stock buybacks) by a corporation, and corporate asset sales and stock sales. Kwall also addresses noncorporate enterprises subject to corporate tax, as well as the circumstances under which corporations are not taxed.

Key Features:

Analyzes key tax issues across all stages of the life cycle of a corporation
Includes a detailed discussion of the tax aspects related to mergers and acquisitions
Examines the tax treatment of corporations not subject to corporate tax, known as S Corporations

The Advanced Introduction to U.S. Corporate Tax Law is an essential resource for students and scholars in corporate law and governance, tax law and fiscal policy, and commercial law. It is also beneficial to researchers and practitioners seeking to understand corporate tax law and its wider applications.

Overview of U.S corporate tax law

Basic principles of U.S. income taxation

Forming and capitalizing the corporation

Operating the corporation’s business

Distributing corporate profits to shareholders

Penalty taxes on undistributed corporate profits

Selling the corporation’s business for cash

Transferring the corporation’s business for stock of an acquiring corporation

The S Corporation: a major exception to the double taxation of corporate income

10.

Taxing unincorporated enterprises as corporations